| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers M > Headlines for Medical Properties Trust Inc. > News item |
S&P rates Medical Properties notes BB
Standard & Poor's said it raised the corporate credit ratings on Medical Properties Trust Inc. and its subsidiary MPT Operating Partnership LP to BB from BB- and assigned a BB issue rating and 4 recovery rating to the partnership's proposed $450 million of senior notes due 2021.
The outlook is stable.
The upgrade acknowledges the REIT's improved financial risk profile, the agency said. A successful recapitalization in 2010 provided capacity for the REIT's recent unsecured debt transactions that will provide capital for potentially accretive acquisitions.
Additional growth could eventually bolster the fair business risk profile, which reflects Medical Properties' meaningful tenant and geographic concentration, the agency said.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.